HDFC Asset Management Company share price
NSE: HDFCAMCBSE: 541729Capital MarketsLarge Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹2,258.40.
27 Oct: open ₹2,258.40, high ₹2,288.00, low ₹2,242.20
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹97,301 Cr96th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 32.67
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 11.29
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.38%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 36.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 39.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 7,85,99160.1% delivered
About HDFC Asset Management Company
HDFC Asset Management Company Limited is the investment manager of HDFC Mutual Fund, serving investors across India with equity, debt, hybrid and multi-asset schemes, both actively managed and passive (funds that track an index).12 It also runs portfolio management services (PMS, portfolios managed for each client) and alternative investment funds (AIFs, pooled funds for larger investors) for wealthy individuals, family offices, companies, trusts, provident funds and institutions.3
It sells through banks, national distributors, mutual fund distributors and fintech platforms, and through its own digital platforms.4 Its international business runs through HDFC AMC International (IFSC) Limited, a wholly owned subsidiary in GIFT City, India's international financial services centre, which serves global and offshore investors.3 Fund management services made up 99.63% of its turnover in the year to Mar 2026, and revenue from outside India 0.04% of revenue from operations.56
It was incorporated in 1999 and bought the schemes of Zurich Mutual Fund in 2003 and of Morgan Stanley Mutual Fund in 2014.17 Its shares were listed on the BSE and NSE in 2018, and in 2022 it entered the alternatives business and set up its GIFT City subsidiary.78
HDFC Bank Limited is its promoter and held 52.4% of its shares at the end of Mar 2026; the company became part of the HDFC Bank group when HDFC Ltd. merged into the bank on 1 Jul 2023.9 Its chairman is Deepak S. Parekh and its managing director and chief executive officer is Navneet Munot.10
HDFC Asset Management Company key points
Results
- In the quarter to Sep 2026, on a standalone basis (the company alone, its subsidiary being immaterial), revenue from operations was ₹11,689 million, up 14% from a year earlier, and operating profit (profit before tax less other income) ₹9,069 million, up 16%.1112
- Profit after tax for the quarter was ₹7,499 million against ₹7,179 million a year earlier, when a ₹468 million reversal of earlier tax provisions had added to profit.1314
- In the year to Mar 2026, on a standalone basis, revenue from operations rose to ₹4,118.53 crore from ₹3,498.03 crore, operating profit rose 17.80% to ₹3,211.45 crore and profit after tax rose 16.18% to ₹2,859.36 crore.1516
Market position
- Share of the mutual fund industry's quarterly average assets under management (QAAUM, assets managed averaged over the quarter)1718
Item quarter to Sep 2026 All schemes 11.1% Actively managed equity-oriented schemes 12.7% Debt schemes 13% - At the end of Sep 2026 it had 17.7 million investors, each counted once, against 63.3 million for the industry: 28 of every 100 mutual fund investors in India invest with it.1918
Assets under management
- Mutual fund QAAUM, ₹ billion202122Equity-oriented schemes were 67.1% of its QAAUM, against 57.5% for the industry.
Item quarter to Sep 2026 quarter to Sep 2025 All schemes 9,691 8,814 Equity-oriented 6,507 – of which actively managed 6,085 – Debt 1,618 – Liquid 860 – - Its PMS managed ₹6,869 billion at the end of Sep 2026, a large part of it the mandate of the Employees' Provident Fund Organisation (EPFO), which has gone live; its AIFs had ₹40 billion of commitments (money investors have agreed to put in).2324
- In September 2026 it processed 18.9 million systematic transactions (regular instalments through systematic investment and transfer plans) worth ₹48.0 billion; assets in systematic investment plans were ₹2,344 billion at the end of the month.2526
- On its earnings call of 15 Oct 2026, the company said its GIFT City subsidiary runs 6 funds for global investors investing in India and has launched 2 funds for Indian investors abroad, one for developed and one for emerging markets.27
Fees and margin
- Yield (fees as a share of assets managed) by fund type, in basis points (hundredths of a percent)28
Item quarter to Sep 2026 Actively managed equity 61 All equity 58 Debt around 28 to 29 Liquid 13 - Operating margin was 36 basis points of average assets under management in the quarter to Sep 2026, against 35 in the previous quarter.29
Branches and reach
- At the end of Sep 2026 it had 280 offices, 196 of them beyond the top 30 cities, more than 113k distribution partners and 32.3 million live accounts, and served about 98% of India's PIN codes.3031
- Share of total assets under management by channel (Direct: investors who buy from the fund house without a distributor)32
Item quarter to Sep 2026 Direct 44.7% Mutual fund distributors 23.5% National distributors 22.4% HDFC Bank 5.0% Other banks 4.3% - In September 2026, individual investors contributed 70% of its monthly average assets under management, against 61% for the industry, and cities beyond the top 30 contributed 20.0%.33
Customers and partners
- It won fixed income mandates from EPFO and the Seamen's Provident Fund Organisation (SPFO) in the year to Mar 2026.34
- Its private credit fund announced its first close (first money raised) in the year to Mar 2026, with the International Finance Corporation (IFC) as partner and anchor investor (a large early backer); on 15 Oct 2026 the company said it was working towards final close.3435
What the company expects
- On its earnings call of 15 Oct 2026, the company said it expects a couple of launches of specialised investment funds (SIFs, a newer mutual fund category for more complex strategies) over the next couple of quarters.36
- On its earnings call of 15 Oct 2026, the company said it launched the HDFC AMC Select Opportunities Fund, investing in late-stage venture and early-stage growth companies, in the quarter to Sep 2026, and expects its first close in the current quarter.3738
- On its earnings call of 15 Oct 2026, the company said the non-cash cost of employee stock options for the year to Mar 2027 would be around ₹79 crore to ₹80 crore.39
Recent events
- Shareholders approved a final dividend of ₹54 per share for the year to Mar 2026 at the annual general meeting of 24 Jun 2026, a payout ratio of 80.91%.4041
- A cyber-security incident occurred on 16 May 2026; on 29 May 2026 the Bombay High Court granted the company interim relief protecting its confidential data. The company believes, on its assessment, the incident had no material impact on its results to Sep 2026.42
- Shareholders approved, by postal ballot on 16 Nov 2025, a bonus issue (free extra shares for existing holders) of 1 share for every 1 held.43
Last updated
All 43 sources, each with its page
- 1. Investor presentation, 15 Oct 2026, page 41
- 2. Annual report, 1 Jun 2026, page 22
- 3. Annual report, 1 Jun 2026, page 72
- 4. Annual report, 1 Jun 2026, page 33
- 5. Annual report, 1 Jun 2026, page 107
- 6. Annual report, 1 Jun 2026, page 108
- 7. Annual report, 1 Jun 2026, page 20
- 8. Annual report, 1 Jun 2026, page 21
- 9. Annual report, 1 Jun 2026, page 19
- 10. Annual report, 1 Jun 2026, page 253
- 11. Investor presentation, 15 Oct 2026, page 38
- 12. Investor presentation, 15 Oct 2026, page 31
- 13. Investor presentation, 15 Oct 2026, page 40
- 14. Investor presentation, 15 Oct 2026, page 30
- 15. Annual report, 1 Jun 2026, page 73
- 16. Annual report, 1 Jun 2026, page 72
- 17. Investor presentation, 15 Oct 2026, page 38
- 18. Earnings call, 15 Oct 2026, page 4
- 19. Investor presentation, 15 Oct 2026, page 39
- 20. Investor presentation, 15 Oct 2026, page 39
- 21. Investor presentation, 15 Oct 2026, page 3
- 22. Earnings call, 15 Oct 2026, page 4
- 23. Investor presentation, 15 Oct 2026, page 22
- 24. Earnings call, 15 Oct 2026, page 6
- 25. Investor presentation, 15 Oct 2026, page 39
- 26. Investor presentation, 15 Oct 2026, page 18
- 27. Earnings call, 15 Oct 2026, page 17
- 28. Earnings call, 15 Oct 2026, page 5
- 29. Investor presentation, 15 Oct 2026, page 32
- 30. Investor presentation, 15 Oct 2026, page 20
- 31. Investor presentation, 15 Oct 2026, page 39
- 32. Investor presentation, 15 Oct 2026, page 19
- 33. Investor presentation, 15 Oct 2026, page 39
- 34. Annual report, 1 Jun 2026, page 72
- 35. Earnings call, 15 Oct 2026, page 22
- 36. Earnings call, 15 Oct 2026, page 12
- 37. Earnings call, 15 Oct 2026, page 4
- 38. Earnings call, 15 Oct 2026, page 6
- 39. Earnings call, 15 Oct 2026, page 20
- 40. Investor presentation, 15 Oct 2026, page 35
- 41. Annual report, 1 Jun 2026, page 86
- 42. Investor presentation, 15 Oct 2026, page 31
- 43. Annual report, 1 Jun 2026, page 87
Results
Standalone, as consolidated accounts are on record for only 4 of the last ten years; ₹ crore.HDFC Asset Management Company quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +14.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +8.5%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,169 Crup 6.41%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹750 Crdown 10.56%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 64.1%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 934 | 901 | 968 | 1,026 | 1,074 | 1,050 | 1,099 | 1,169 |
| Net profit | 641 | 639 | 748 | 718 | 770 | 623 | 838 | 750 |
| Net margin | 68.7% | 70.9% | 77.3% | 70.0% | 71.7% | 59.3% | 76.3% | 64.1% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,119 Crup 17.74%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,859 Crup 16.18%
- Net margin
- 69.4%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,915 | 2,003 | 1,853 | 2,115 | 2,167 | 2,584 | 3,498 | 4,119 |
| Net profit | 931 | 1,262 | 1,326 | 1,393 | 1,424 | 1,946 | 2,461 | 2,859 |
| Net margin | 48.6% | 63.0% | 71.6% | 65.9% | 65.7% | 75.3% | 70.4% | 69.4% |
Business segments
In the year to Mar 2026 the company reports one business segment, ASSET MANAGEMENT SERVICES, which carries all its revenue.
Valuation
Today, against the company's own history.HDFC Asset Management Company PE ratio and valuation
At or below today's level on 15% of 1,803 trading days since Jul 2019.
At or below today's level on 32% of 1,967 trading days since Nov 2018.
At or below today's level on 98% of 2,016 trading days since Aug 2018.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +12.9% | +16.0% | −4.8% | 2.4% |
| 3 years | +39.6% | +26.0% | +9.0% | 2.1% |
| 5 years | +11.0% | +16.5% | −6.7% | 2.2% |
Mutual fund holdings
250 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 133 of the 164 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 250 funds holding HDFC Asset Management Company
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 4
- AddedAdded. Funds that held more shares than at the end of the month before.
- 107
- CutCut. Funds that held fewer shares than at the end of the month before.
- 57
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 78
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 12
| Fund | |||
|---|---|---|---|
| 33,57,984 | 1.00% | ₹765.9 Cr | |
| 26,81,276 | 3.56% | ₹611.5 Cr | |
| 24,54,901 | 0.78% | ₹559.9 Cr | |
| 14,41,580 | 2.45% | ₹328.8 Cr | |
| 9,72,657 | 1.23% | ₹221.8 Cr | |
| 9,66,488 | 2.99% | ₹220.4 Cr | |
| 9,40,200 | 0.28% | ₹214.4 Cr | |
| 8,14,408 | 1.91% | ₹185.7 Cr | |
| 8,00,000 | 0.36% | ₹182.5 Cr | |
| 7,47,829 | 0.89% | ₹170.6 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.HDFC Asset Management Company insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 40 pledge filings of unclear kind
- Others: no market trade · 19 pledge filings of unclear kind
HDFC Asset Management Company competitors and peers
Asset Management Company, 10 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to HDFC Asset Management Company in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1,38,378 | 39.15 | 25.91 | – | – | 66.2% | 85.0% | 2.04% | |
| SBI Funds ManagementSBIFUNDS | 93,368 | – | 12.35 | – | – | – | – | 0.00% |
| 60,356 | 37.33 | 12.65 | +24.3% | +21.1% | 35.3% | 41.4% | 2.28% | |
| 25,423 | 25.76 | 6.55 | +5.6% | +1.7% | 26.5% | 26.6% | 2.90% | |
| 10,410 | 21.67 | 2.36 | +8.3% | −18.3% | 10.9% | 18.4% | 4.94% | |
| 4,138 | 18.08 | 4.95 | – | – | 30.2% | 32.6% | 2.89% | |
| 1,784 | – | – | – | – | – | – | 0.59% | |
| 441 | – | 2.89 | +56.5% | – | −22.7% | −15.9% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.HDFC Asset Management Company dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 5 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹54.00 |
| 6 Jun 2025 | Final | ₹90.00 |
| 18 Jun 2024 | Interim | ₹70.00 |
| 9 Jun 2023 | Final | ₹48.00 |
| 9 Jun 2022 | Final | ₹42.00 |
| 29 Jun 2021 | Final | ₹34.00 |
Latest announcements
Routine notices left out.HDFC Asset Management Company announcements
Oct 2026
22 Oct · Disclosure
16 Oct · Analysts
15 Oct · Results
15 Oct · Disclosure
Sep 2026
22 Sep · Board meeting
HDFC Asset Management Company annual report, year to Mar 2026
HDFC Asset Management Company share price by year
Each calendar year to 2025.HDFC Asset Management Company share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 2,672.20 | +27.3% | 2,946.00 | 1,814.15 |
| 2024 | 2,099.53 | +31.0% | 2,413.95 | 1,610.65 |
| 2023 | 1,602.50 | +46.9% | 1,610.75 | 836.43 |
| 2022 | 1,090.75 | −10.8% | 1,259.13 | 851.18 |
| 2021 | 1,223.05 | −16.2% | 1,657.60 | 1,156.80 |
| 2020 | 1,459.00 | −8.8% | 1,691.90 | 1,013.08 |
| 2019 | 1,599.85 | +112.6% | 1,884.88 | 655.70 |
| 2018 | 752.48 | – | 971.00 | 634.45 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 2,242.10 | 2,273.40 | 2,216.10 | 2,258.40 | 2,251.94 | 5,67,252 | 48.3% |
| 23 Oct 2026 | 2,285.00 | 2,300.00 | 2,215.60 | 2,250.00 | 2,235.47 | 11,01,314 | 55.3% |
| 22 Oct 2026 | 2,308.00 | 2,308.00 | 2,258.00 | 2,273.20 | 2,280.91 | 11,40,144 | 57.7% |
| 21 Oct 2026 | 2,364.50 | 2,374.30 | 2,284.80 | 2,311.40 | 2,313.01 | 5,51,955 | 65.6% |
| 19 Oct 2026 | 2,374.00 | 2,418.90 | 2,342.70 | 2,349.20 | 2,373.47 | 5,03,541 | 51.8% |
| 16 Oct 2026 | 2,424.20 | 2,458.70 | 2,378.00 | 2,398.60 | 2,410.42 | 13,21,497 | 52.6% |
| 15 Oct 2026 | 2,296.90 | 2,424.90 | 2,277.70 | 2,415.00 | 2,373.36 | 14,99,524 | 43.9% |
| 14 Oct 2026 | 2,325.00 | 2,335.40 | 2,276.20 | 2,296.90 | 2,301.11 | 6,57,322 | 59.0% |
| 13 Oct 2026 | 2,285.00 | 2,334.70 | 2,266.50 | 2,330.00 | 2,311.40 | 7,16,398 | 52.0% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 26 Nov 2025 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
Company details
- NSE symbol
- HDFCAMC
- BSE code
- 541729
- ISIN
- INE127D01025
- Industry
- Capital Markets
- Website
- www.hdfcfund.com
- CIN
- L65991MH1999PLC123027
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1999
- Registered office
- 165-166, HDFC House, 2nd Floor, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai 400020, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments